Seeking Alpha

djn21's  Instablog

djn21
29 Followers
54 Following
Send Message
First off, I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is debt, and running straight though a global economic model that is based on a premise of infinite growth in a finite world. This won't end well. I'd go a step further and... More
My company:
New Power Media
My blog:
Playing the Ponzi
  • AFK and PHO at attractive buy prices 0 comments
    Jun 14, 2011 4:59 PM | about stocks: AFK, PHO
     Two long term themes that I am very attracted to are:  water and Africa.  I have found it difficult to find ideal investment vehicles for either.  But there are ETFs for each that are at decent buy spots.

    AFK is a on rising trendline support dating back to 2009.  It has, in general, trended along with the S&P, though it underperformed early this year due to exposure to Egypt, and in the last month or so was inversely correlated during the S&P's sell-off.

     

    One of my other favorite themes is water, something that will become increasingly important.  PHO is an ETF that covers a variety of subsets within the water industry.  It is at some long-term price support (18.50ish) that has acted as support/resistance almost every time it's been touched over the last 5 years.  It is also trading at the bottom of its falling channel, and still above support from its 2009 lows.
    Themes: water, africa Stocks: AFK, PHO
Back To djn21's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • Added DBA yesterday as it appears to have bullish broken above its recent downtrend resistance.
    Jul 14, 2011
  • Euro and USD each testing key technical trendlines today. See if the US Dollar rally will have longer term legs...
    Jul 14, 2011
  • Sad but true, Archman
    Jul 13, 2011
More »

Latest Comments


Most Commented
Posts by Themes
africa, agriculture, bear, bear market, bearish, break out, breakdown, breakout, bullish, CHINA, chinese microcaps, cisco, commodities, copper, crude oil, dollar, dollar rally, dollar resistance, ecri growth index, emerging markets, euro, euro breakdown, falling wedge, fibonacci, futures, gold, head shoulders, high yield, indicator, margin debt, MICRO-CAP, monthly high, mutual fund cash, oil, pmi, rally, rare earth, resistance, rising wedge, risk, s p, selloff, short, silver, spy, support, technical, technical analysis, technical resistance, technical support,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.